Eversource Energy (ES) FY2015 results: revenue $8.0 billion, up 2.8% on the year
Eversource Energy (ES) reported revenue of $8.0 billion for fiscal 2015, the year ended 31 December 2015, up 2.8% on the year before. Net income was $886 million, up 7.1%, and diluted earnings per share $2.76. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$8.0 billion
+2.8% on the year
FY2009FY2015
Operating margin
22.2%
21.1% a year earlier
FY2009FY2015
Net income
$886 million
+7.1% on the year
FY2009FY2015
Diluted EPS
$2.76
+7.0% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
7,955
7,742
7,301
+2.8%
Operating income
1,764
1,633
1,529
+8.0%
Operating margin
22.2%
21.1%
20.9%
Interest expense
372
362
339
+2.8%
Income tax
540
468
427
+15.3%
Net income
886
827
794
+7.1%
Net margin
11.1%
10.7%
10.9%
Diluted EPS
$2.76
$2.58
$2.49
+7.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,434
1,652
1,664
-13.2%
Capital expenditure
1,724
1,604
1,457
+7.5%
Free cash flow
-290
48.2
207
Free cash flow margin
-3.7%
0.6%
2.8%
Cash from investing
-1,659
-1,592
-1,441
Cash from financing
211
-64.8
-225
Depreciation and amortisation
688
625
n/a
+10.0%
Share-based compensation
23.1
24.6
27.0
-6.1%
Dividends paid
530
475
463
+11.5%
Dividend per share
$1.67
$1.57
n/a
+6.4%
Diluted shares, weighted
318m
317m
316m
+0.3%
Shares outstanding at period end
317m
317m
315m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
10,352
9,977
9,612
+3.8%
Debt
9,034
8,814
8,310
+2.5%
Other liabilities
11,194
10,987
9,874
+1.9%
Total liabilities and equity
30,580
29,778
27,796
+2.7%
Goodwill
3,519
3,519
3,519
0.0%
Investments
516
639
581
-19.2%
Cash and equivalents
68.0
38.7
43.4
+75.7%
Receivables
775
856
765
-9.4%
Other assets
25,701
24,724
22,886
+4.0%
Total assets
30,580
29,778
27,796
+2.7%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.